FORMULA SYSTEMS (1985) LTD - ADS REPRESENTS 1 ORDINARY SHARES
Sector: Business Software and Svcs
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Formula Systems (1985), Ltd., through its subsidiaries, provides software consulting services, computer-based business solutions, and proprietary software products. It operates in two segments, Information Technology (IT) Services and Proprietary Software Solutions. The IT Services segment engages in application development, system integration, and migration of IT platforms. It also provides IT consulting, e-services, outsourcing, conversion services, and application and implementation of enterprise resource planning and customer relationship management systems. In addition, this segment imports software products and operates a training school. The Proprietary Software Products segment designs, develops, and markets proprietary software solutions for e-business development, data center management, software development, and software conversion and porting. The company provides products for various industries, including telecom, banking, insurance, utilities, manufacturing, industries, transportation, tourism, retail and e-tail, media, government, and defense. The company delivers its solutions in approximately 50 countries worldwide to customers, including Fortune 1000 companies. Formula Systems was incorporated in 1985 and is headquartered in Herzlia, Israel.